Question: You have $ 2 9 5 0 0 equity in a $ 1 0 0 0 0 0 investment where the maintenance margin is 3

You have $

29500

equity in a $

100000

investment where the maintenance margin is

30 % .

You get a margin call and decide to meet it by selling some of your shares to pay down the margin loan. What is the minimum amount of money's worth of shares that you need to sell to get your account legal again? Round to the nearest dollar.

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